WP Rugby struggling to pay off debt | Sport24news
indicated on Sunday that WP Rugby's debt to Remgro has grown fromThe report added that the WP Rugby Union has not paid interest on the loan for some time and that interest over the next three years could push the loan amount up toAdding to the union's financial woes is lower than expected supporter numbers for the Stormers' Super Rugby home matches, the ongoing battle between the professional and amateur arms of the union, as well as the fact that 28 owners of corporate boxes had...
Remgro, an investment holding company based in Stellenbosch, bailed out WP Rugby with a personal loan at the end of 2016 when the union faced bankruptcy.
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